Industry News

SAN FRANCISCO, Calif. (BRAIN) — The former owner of the Public Bikes brand — a brand now owned by Bay Area retailer Mike's Bikes — has filed for Chapter 11 bankruptcy after failing to reach a settlement in a legal dispute with a landlord.

BRUSSELS (BRAIN) — The World Bicycle Industry Association is asking all countries to allow bike repair services to continue through the COVID-19 pandemic. 

Tagged Coronavirus

BOULDER, Colo. (BRAIN) — SmartEtailing updated its software to include a home-delivery shipping option for its IBD subscribers that enables delivery of assembled bikes from their inventory.

TAICHUNG, Taiwan (BRAIN) — As fears of COVID 19 have swept through markets worldwide, Giant Group is bracing for a difficult year ahead. However, record revenue for 2019 should help bolster the multi-national company as it attempts to minimize the virus’s impact on its global operations.

Tagged Earnings/Financial Reports
Kitsbow Cycling Apparel receives additional sewing machines.

OLD FORT, N.C. (BRAIN) — Aided by Industry Nine, Watershed drybags and Oowee Products, Kitsbow Cycling Apparel shipped its first personal protective equipment Friday in response to the COVID-19 pandemic.

Tagged Coronavirus

TOKYO (BRAIN) — The International Olympic Committee, the Tokyo 2020 Organising Committee and other stakeholders have announced new dates for the Games of the XXXII Olympiad: July 23-Aug, 8, 2021. They also announced new dates for the Paralympic Games, which will be celebrated from Aug. 24-Sept. 5, 2021. 

Tagged Coronavirus

LOS ANGELES (BRAIN) — Uber Technologies Inc. filed a lawsuit against the Los Angeles Department of Transportation over the sharing of real-time location data of its JUMP e-bike and scooter riders.

Tagged Bikeshare
SRAM began promoting its program on Friday.

CHICAGO (BRAIN) — Industry suppliers are offering new fulfillment programs helping retailers maintain some revenue and connections with their community during the COVID-19 pandemic.

Tagged Coronavirus

BOULDER, Colo. (BRAIN) — On Friday Congress approved and the president signed a $2 Trillion stimulus package into law. PeopleForBikes plans a webinar next week to explain what it could mean to retailers and other members of the bike industry. 

Tagged Coronavirus

FLETCHER, N.C. (BRAIN) — Component manufacturer Cane Creek has suspended operations through April 10 because of the COVID-19 pandemic.

Taiwan operations will continue normally, according to a Cane Creek news release.

Tagged Coronavirus

SANTA FE, N.M. (BRAIN) — Bicycle Technologies, Inc. will shut down operations at the end of the day Friday due to the COVID-19 pandemic.

Tagged Coronavirus
The Italian manufacturer has converted its carbon factory to produce valves for ventilator masks during the pandemic.
Some of the 3D-printed valves by 3T.

BERGAMO, Italy (BRAIN) — 3T Cycling is the latest bike company to reveal that it has converted its factory to make devices for the medical industry. The Italian brand is running its 3D printer 24 hours a day to make a valve part for a ventilator mask.

Tagged Coronavirus

GRAND JUNCTION, Colo. (BRAIN) — While officials in many regions are restricting travel and other activities due to the COVID-19 pandemic, some are questioning the legality of some orders that affect outdoor activities on public lands. 

Tagged Coronavirus

NEW YORK (BRAIN) — Advance, the owner of Condé Nast and other media properties, has entered a definitive stock purchase agreement with Wanda Sports Group Company Limited to buy The Ironman Group.

Tagged Mergers & Acquisitions

NEW YORK (BRAIN) — As part of its LyftUp initiative, Lyft will provide free access to its bike-share programs in three metropolitan cities for health-care workers during the COVID-19 pandemic.

Tagged Coronavirus / Bikeshare
Leatt introduced a line of mountain bike shoes in March.

CAPE TOWN, South Africa (BRAIN) — Protective gear manufacturer Leatt Corp. recorded a 16% increase in revenue for 2019 and a fourth-quarter rise of 32% year-over-year in financial results released through Dec. 31, 2019.

Tagged Earnings/Financial Reports

HEERENVEEN, Netherlands (BRAIN) — Accell Group said it has withdrawn a proposed dividend of 0.30 euros ($0.33) per share as part of its response to the COVID-19 pandemic.

Tagged Coronavirus
De Soto Sport is now making personal protective equipment.

SAN DIEGO (BRAIN) — De Soto Sport — makers of multisport clothing, wetsuits and accessories for triathletes — began manufacturing personal protective equipment this week, joining many other cycling and cycling clothing suppliers during the COVID-19 pandemic.

Tagged Coronavirus

HAYWARD, Calif. (BRAIN) — Panaracer says it will honor commitments made to events this year, even if they are not held because of the COVID-19 pandemic. 

The tire company was set to sponsor and/or exhibit at more than 30 events this year, in North America and Europe.

Tagged Coronavirus

GRAND JUNCTION, Colo. (BRAIN) — Rack and accessory brand RockyMounts is shutting down its operations here due to the COVID-19 pandemic's effect on business.

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